Announced Fri, 26 Jun · 19:02 IST
Board approves 100 Crore loan limit and EGM on July 25
Credit & Debt View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
+1.2%1-day move
₹81.37
prior close
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base price
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AI summary
DSM Fresh Foods board on June 26 approved seeking shareholder approval for granting loans, guarantees or securities up to 100 Crores to related parties under Section 185 of the Companies Act. The board also approved the notice for the first EGM on July 25 via video conferencing. July 18 is the cut-off date for e-voting eligibility. A scrutinizer was appointed for the e-voting process. Related party transactions under Sections 177 and 188 were also approved.
Likely market impact
Shareholders will vote on 100 Crore loan and guarantee limit to related parties at the July 25 EGM. Watch for related party deal terms.